May 2023

Despite the tentative debt ceiling deal in the US, there is a lot of argy bargy to come among Republicans in the US House of Representatives that could prove especially fertile ground for gold bulls this week. Default is still an option for financial markets if the agreement is not turned into legislation and passed […]

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week, economic activity trackers, major global economic events and Australia economic events. Investment markets and key developments over the past week Global share markets fell over the last week as uncertainty about the US debt

Sayona Mining (ASX:SYA) has launched a $200 million raising through its broker Petra Capital, offering shares at 18 cents each, which is the same price it raised at a year ago. The move follows the successful production of lithium concentrate at Sayona’s North American Lithium project in Canada’s Quebec. At the closing bell, the S&P/ASX

Blaze Minerals (ASX:BLZ) has entered into a Heads of Agreement with Exiro Minerals to acquire 100% of the North Spirit Lithium Project located in Ontario, Canada. Corporate Director Mathew Walker stated, “[We] look forward to the execution of our northern hemisphere summer exploration program with our partners at Exiro.” Shares are trading 130 per cent

The most recent data from the Australian Bureau of Statistics reveals that Australia’s retail spending, which has been slowing down since the beginning of the year, remained stagnant in April. The figures indicate that there was no change in retail turnover compared to a 0.4 per cent increase in March and a 0.2 per cent

The Australian stock exchange fell heavily yesterday after the Fitch ratings agency placed its AAA credit rating for America on a negative outlook, meaning a downgrade is imminent if there’s no agreement to lift the US debt ceiling. The news saw US stockmarket futures fall and the US dollar rise, which forced the Aussie dollar

The S&P 500 and Nasdaq Composite jumped Thursday as investors cheered the latest quarterly results from Nvidia, fueling a rally in technology stocks. Those moves also came as US debt ceiling talks appeared to progress. The tech-heavy Nasdaq popped 1.71 per cent to settle at 12,698.09, and the S&P 500 climbed 0.88 per cent to

Shares in Treasury Wine Estates (ASX:TWE) fell by nearly 8% yesterday after it both upgraded and downgraded its outlook for its June 2022-23 outlook and revealed plans to restructure much of its operations here and in the US. On the surface the upgrade/downgrade seems an oddity, but TWE provided enough information to support the contention

Adbri (the onetime Adelaide and Brighton) says its first quarter 2023 earnings were “significantly above” the same quarter of 2022 as the company faced stronger demand from a number of sectors, even the depressed residential construction area. The company’s annual meeting on Thursday was told by CEO Mark Irwin that it continues “to see strong

Some news wafted across the Tasman on Thursday from a couple of our Kiwi siblings, insurance group Tower (ASX:TWR) and dairy major Fonterra (ASX:FSF).………… NZ insurer Tower (ASX:TWR) has dropped its interim dividend and put the final in doubt after it was driven deep into the red by the two major rain and flooding disasters